Planning Commission DeÂputy Chairman Montek Singh Ahluwalia and Railway Minister Pawan Kumar Bansal discussed options for funding crucial railway projects. The rail ministry feels the need to raise its own resources to fund these projects. Steps to raise funds could include an across-the-board increase in railway fares, reports suggest.
Author: admin (Infratructure Today)
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Rs 155 bn infra loans recast in Apr-Sep 2012
A large amount of loan given by banks to infrastructure companies were restructured in Apr-Sep 2012 period because of high interest rate, rise in debt levels among these firms, reports suggest.During this period, loan worth Rs 15,562 crore belonging to infrastructure companies were restructured, data from the corporate debt restructuring (CDR)
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CCEA to decide budget allocation for PPP projects
Cabinet Committee on EcÂoÂnomic Affairs (CCEA) would decide on the proposal to prescribe a suitable cap on budgetary allocations for annuity payments for the PPP projects.If the proposal is cleared, government would set a timeline till which future budgetary options can be foreclosed for making payment to the concessionaire for financing, construction, operation and maintenance of a PPP project.
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Recovery in equip finance
V Lakshmi Narasimhan, Chief Financial Officer of Magma Fincorp expects recovery in the commercial vehicle and equipment finance segments during the second half of 2013-14. The recovery would have tangible impact on commercial vehicle and equipment finance.
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Srei for used equipment
In order to release capital for lending to used construction equipment and other purposes, Srei Equipment Finance plans to securitise Rs 800-900 crore of its assets during the current quarter, reports suggest. The company will focus on financing used construction equipment because growth in sale of construction equipment is slowing.
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HUDCO seeks $150 mn
In order to finance urban infrastructure projects, HUDCO sought financial assistance of $150 million from the ADB. The assistance is sought under the catalysing sustainable finance (CSF) facility, which is a leveraged finance mechanism designed as a financial intermediation loan with linked conditions for lending to sub-projects.
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RBI rate cut
Infrastructure developers and development finance companies cheered the RBI's move to cut policy repo rate in its third quarter review of monetary policy. Infrastructure developers urged banks to pass on the cut in policy rate to borrowers and thereby reduce the cost of funding for infrastructure firms. Also, these companies want the RBI to cut policy rates further in the forthcoming policy reviews.
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Govt prepares policy for metro rail projects
In order to aid state governments in drafting their own feasibility reports for metro rail projects, the Central Government has prepared a consolidated policy for such projects.
The consolidated policy focuses on both public-private partnership (PPP) and government funding models. The Central Government would consider the request for funding from the state government for metro rail projects based on the policy. The government earlier planned to implement metro rail projects in 34 cities that ha
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Odisha to come out with a solar policy in next two months
Targeting a generation of 50 MW of solar power within one year, Odisha government said its comprehensive solar policy would be in place in the next two months. The State Science and Technology Secretary DN Gupta said that private investors were interesÂted to put their money in the sector.
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Bihar power corp to privatise distribution
Patna Electric Supply Undertaking (Pesu) has floated tenders to invite private players to bid for the distribution franchise in four towns of the state, including Patna. Bihar State Power Holding Company (BSPHCL) has completed the process of technical bidding for Muzaffarpur, Gaya and Bhagalpur towns as well.